DOW 30
DOW 30 has been in habit of
following our mentioned and analysed levels and it moved in our previously
mentioned range on expected terms. Dow 30 overall trend is looking positive
among improving global scenario and impending global events. DOW 30 opened on a
highly positive at 17947 and made sustained its positive
momentum by making a high of 18013 before settling at 18005 with gain of 66
points or increases of 0.37 % to the index.
DOW 30 has Resistance building
around 18070--18090.If this level is positively breached and sustained then one
see DOW 30 resistance building around 18150--18177.
DOW 30 has Support building
around 17945--17930.If this level is breached negatively and not sustained then
one see next support building around 17000—16985.
RSI of 61 and increasing also indicate
that buyers are entering DOW 30 at every level as overall trend above 18000 is
looking very positive.
MACD of positive 60 also indicate
that short term trend is bullish and DOW 30 may continue its momentum if
support level are sustained.
More Will Update Soon!!
